Daily Washington Insider
  • Business
  • World
  • Science
  • Investing

Daily Washington Insider

  • Business
  • World
  • Science
  • Investing
Business

The Dow just hit 40,000. Here’s a look at how it got here.

by admin May 18, 2024
May 18, 2024
The Dow just hit 40,000. Here’s a look at how it got here.

The Dow Jones Industrial Average reached a milestone Thursday that seemed unfathomable a year ago.

A trader at the New York Stock Exchange on Thursday, May 16, 2024, as the DOW reached 40,000.Courtney Crow / NYSE

The 30-stock benchmark broke above 40,000 for the first time. The move comes as investors cheer the prospects of artificial intelligence boosting corporate profits and the Federal Reserve possibly cutting rates later this year as inflation eases further from its pandemic highs.

It’s been a long and winding road for the Dow to climb to these levels. Here’s a look at the Dow’s trajectory over the past 20,000 points.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Wayfair to open its first large store, as physical locations make a comeback
next post
How High Can the Gold Price Go? Mining Billionaires Share Big Predictions

You may also like

Nvidia says it is not sending GPU designs...

May 17, 2025

Hertz says 2024 hack exposed some customers’ driver...

April 16, 2025

Elon Musk’s Starlink brings internet — and politics...

October 4, 2024

Boeing taps aerospace veteran Ortberg to replace Dave...

August 1, 2024

Boeing factory workers strike after overwhelmingly rejecting contract

September 15, 2024

OpenAI considering 16 states for data center campuses...

February 8, 2025

McKinsey & Co. to pay $650M to settle...

December 17, 2024

Volkswagen workers in Tennessee vote to join UAW...

April 20, 2024

Balancing a fixed income with inflation, a Georgia...

July 26, 2024

Treasury Secretary Yellen announces $100M affordable housing fund...

June 27, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Tartana Drilling to Verify Upgrading of 45,000 Tonne Copper Resource

    • 2

      Magic mushrooms effective for treating depression – study

    • 3

      Lancaster Resources Welcomes Three Highly Experienced Industry Experts to Its Advisory Board

    • 4

      Hong Kong plans to install thousands of surveillance cameras. Critics say it’s more proof the city is moving closer to China

    • 5

      UN experts urge Thailand not to deport dozens of Uyghurs to China where they face ‘real risk of torture’

    Categories

    • Business (1,212)
    • Investing (2,995)
    • Science (605)
    • World (3,626)
    Footer Logo

    Disclaimer: dailywashingtoninsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 dailywashingtoninsider.com | All Rights Reserved